Closed xyfinance-contact closed 2 years ago
ErinOCon
commented
2 years ago Hi @xyfinance-contact, thank you for your proposal! Can this be updated to include a breakdown for the long-term adoption of IPFS and Filecoin? If preferred, we would be happy to connect to discuss integration ideas!
ErinOCon
commented
2 years ago Hi @xyfinance-contact, hoping you are well! Were you interested in providing the requested updates?
xyfinance-contact
commented
2 years ago Hey there!
Sorry for the late reply, please give us some time as the team is working on it...appreciate your patience :)
Cheers, Charlie
'ErinOCon' via contact xy @.***> 於 2022年7月7日 週四 中午12:22寫道：
Hi @xyfinance-contact https://github.com/xyfinance-contact, hoping you are well! Were you interested in providing the requested updates?
— Reply to this email directly, view it on GitHub https://github.com/filecoin-project/devgrants/issues/698#issuecomment-1177048215, or unsubscribe https://github.com/notifications/unsubscribe-auth/AXBD6CRRSP3LHIRVQVNJBUDVSZLPBANCNFSM5ZUGYLYQ . You are receiving this because you were mentioned.Message ID: @.***>
xyfinance-contact
commented
2 years ago Hi team, Please refer to the reply below.
As XY Finance continues to play a pivotal role in today's multichain scenario, we have reckoned how important it will be to have a stable, fast and low-cost service, while the number of our users skyrocket. Integrating Filecoin/IPFS technology to XY ecosystem will be a win-win for both sides, as this will improve the overall experience of the XY-related applications, and will secure a crucial spot for Filecoin in terms of the market of Web3 infrastructure.As a team who aims to build an ecosystem with rooted community, XY Finance is just our first step in the blueprint. In short, we focus on how each of the products we built can eventually be connecting seamlessly under the XY Network as we have been long planning for. To achieve this, having the computing ability on large data across organization and distributing petabyte datasets, and preventing accidental disappearance of important files are the cornerstones to success. Our planned adoption of IPFS/Filecoin are listed but not limited to below schedule:
We believe your applications will be the last piece of puzzles of helping the XY team build a more connected ecosystem for XY Network and the Web3 community, and we can't wait to get started!
Thanks, Charlie
Charlie Wang @.***> 於 2022年7月7日 週四 下午3:03寫道：
Hi team, Can we provide our reply here?
Thanks, Charlie
Charlie Wang @.***> 於 2022年7月7日 週四 下午2:48寫道：
Hey there!
Sorry for the late reply, please give us some time as the team is working on it...appreciate your patience :)
Cheers, Charlie
'ErinOCon' via contact xy @.***> 於 2022年7月7日 週四 中午12:22寫道：
Hi @xyfinance-contact https://github.com/xyfinance-contact, hoping you are well! Were you interested in providing the requested updates?
— Reply to this email directly, view it on GitHub https://github.com/filecoin-project/devgrants/issues/698#issuecomment-1177048215, or unsubscribe https://github.com/notifications/unsubscribe-auth/AXBD6CRRSP3LHIRVQVNJBUDVSZLPBANCNFSM5ZUGYLYQ . You are receiving this because you were mentioned.Message ID: @.***>
ErinOCon
commented
2 years ago Hi @xyfinance-contact, thank you for the additional information! We will be in touch with an update shortly.
ErinOCon
commented
2 years ago Hi @xyfinance-contact, thank you again for your proposal. We will not be moving forward with this project at this time, but would be happy to consider this grant in the future when the integration of Filecoin/IPFS is more established. If a future proposal is submitted, we would be interested to learn how much data is onboarded as your project progresses. It may be helpful to consider storage helpers like web3.storage or Estuary.
Wishing you all the best with this project!
xyfinance-contact
commented
2 years ago Hi team, Can we provide our reply here?
Thanks, Charlie
Charlie Wang @.***> 於 2022年7月7日 週四 下午2:48寫道：
Hey there!
Sorry for the late reply, please give us some time as the team is working on it...appreciate your patience :)
Cheers, Charlie
'ErinOCon' via contact xy @.***> 於 2022年7月7日 週四 中午12:22寫道：
Hi @xyfinance-contact https://github.com/xyfinance-contact, hoping you are well! Were you interested in providing the requested updates?
— Reply to this email directly, view it on GitHub https://github.com/filecoin-project/devgrants/issues/698#issuecomment-1177048215, or unsubscribe https://github.com/notifications/unsubscribe-auth/AXBD6CRRSP3LHIRVQVNJBUDVSZLPBANCNFSM5ZUGYLYQ . You are receiving this because you were mentioned.Message ID: @.***>
Open Grant Proposal:
Project TitleName of Project: XY Finance
Proposal Category: Choose one of
core-dev,app-dev,devtools-libraries,integration-adoption,technical-design,docs,community,metaverse,research,greenLearn what these categories are here: {https://github.com/filecoin-project/devgrants/tree/master/open-grants}" MetaverseProposer:
replace with your GitHub usernamecontact@xy.finance (https://github.com/xyfinance-contact?tab=repositories)(Optional) Technical Sponsor:
If you have previously discussed this project with a member of the IPFS or Filecoin project teams and they have agreed to be a technical sponsor, include their name and/or github handle hereNODo you agree to open source all work you do on behalf of this RFP and dual-license under MIT, APACHE2, or GPL licenses?: Please respond with either "Yes" or "No" YES
Project Description
XY FInance is the one-stop cross-chain application dedicated to helping all Web 3 users build more with less.
The team estabilshed as we see the need of users wanting to transfer their assets have been skyrocketing. And this can be quite a problem for both DeFi & GameFi users at any stage. That was when we decided to build a cross-chain aggregator that offers highest interoperability to solve the problems. The protocol has built a one-click swap aggregator with the highest interoperability that allows crypto users to trade all on-chain assets. At present, XY Finance have supported ten chains, including Ethereum, BSC, Fantom, Polygon, Arbitrum, Optimism, Avalanche C-Chain, Cronos, KCC, ThunderCore, and Astar.
As more and more strategic partners join our network, this will help the team create a powerful platform. We will help billions of assets transferred within clicks. With more features designed specifically for the GameFi world, we believe what we are going to provide to them is next-level."
Value
Value:
Challenges:
Deliverables
XY tokens will be utilize around these deliverables to create a circulating tokenomics.
Development Roadmap
"2022 Q3
Support More EVM Chains, Bridges and DEXes We will integrate more brdiges to enhance our operational stability. We will integrate more EVM chains based on market trends and community needs. Support Solana, Osmosis We will focus on the development of Solana cross-chain bridge to lower the threshold between EVM and Solana ecosystems. NFT Markeplace Aggregator We will integrate all major NFT marketplaces, such as OpenSea, LooksRare, Ebisu’s Bay, Agora, Cronos World, Crosea, Lootex, and more. GalaXY Kats Game Official Release We plan to launch our first GameFi game in this quarter to expand P2E coverage. GalaXY Kats Marketplace We plan to launch our self-developed NFT marketplace focusing on GameFi market. Multichain Wallet Dashboard Multichain Wallet Dashboard will support all DeFi power users and NFT collectors to track their portfolio. Complete Additional Audits
2022 Q4 Support More Bridges and DEXes to increase our stability Support More NFT Marketplace (NFTrade/Solanart/Magic Eden) Launch GameFi Infra API/SDK (NFT Disassembly/Gamefi Wallet) we will start providing GameFi infrastructure solutions and tools to GameFi projects on all supported chains Multichain Yield Farming Dashboard This will support all DeFi power users to seek the best DeFi protocol on all supported chains.
2023 Q1 GalaXY Kats Universe Beta GalaXY Kats will launch a metaverse called GalaXY Kats Universe to invite more NFT projects and game developers. By doing so, we can expand our coverage. Multichain Yield Farming Pool Multichain Yield Farming Pool will support all DeFi power users to stake/withdraw their assets on different DeFi protocols via our platform.
/
We will use all of the grant to expand our marketing activities, including but not limited to co-marketing, Cronos cross-chain swap fee rebate campaigns, putting ads on tracking platforms, and more.
We will focus on hosting more co-marketing activities with Cronos-based projects, such as MM Finance, VVS Finance, CronaSwap, Single Finance, DarkCrypto, Ebisu's Bay, and more, in Q2 2022 and Q3 2022.
We are planning to host cross-chain swap fee rebate campaigns to encourage all of our users to bridgeswap to Cronos over the next three quarters. At present, CrogeCoin is using our swap widget to provide convenience to its community.
In addition to the aforementioned two points, we also aim to use the grant to increase our awareness on Cronos. We will keep advertising our one-stop cross-chain swap services on Tin Network, Ape Board, Debank, and more platforms to attract more users to march into the Cronos ecosystem.
/
Milestone 1: Integrate BSC, Ethereum, Polyong, Fantom Milestone 2: Launch our self-developed bridge Y Pool with USDT and USDC liquidity pool Milestone 3: Integrate Cronos and become the first bridge to allow users to transfer any token to/from Cronos. Milestone 4: Integrate ThunderCore, Avalanche to expand our XY ecosystem. Milestone 5: Activiate single-chain trading services on Cronos & ThunderCore and become the first protocol to offer DEX aggregation on these two chains. Milestone 6: To integrate KCC on 4/27, expanding our ecosystem to eight chains. "
For more information, check us at: https://docs.xy.finance/
Total Budget Requested
150K USD over 6 months span. Funds will go to support product development, daily operation and compensation.
Maintenance and Upgrade Plans
We will have at least 4 years of continuous support and updates, as well as updates to new features.
Team
Team Members
Wilson Huang, CEO Tesia Liu, Marketing Rudolph Hsieh, Product Jesse, Engineering Leo, Business Development Charlie Wang, Strategic Partnership
For company information please visit: https://www.linkedin.com/company/xy-finance/
Team Website
https://xy.finance/
Relevant Experience
XY finance is a team of diversed talents. Each of us come here with various background including finance, engineering, product, marketing, from traditional Web 2 company to buisnesses rated one of the fastest-growing unicorn to Nasdaq in Asia.
Founder Wilson Huang has 8+ years of experiences in crypto field, especially engineering & product development. He is also the founder of Steaker, a centralized finance company with 55M USD asset under management. Previously he was ex-VP of Mithril, and ex-engineer at Yahoo!.
Each of us is still pushing the frontier of knowledge for the Web3 industry and contributed original thinking to the team that you cannot find anywhere else. We strive to provide the best product to scale our impact on the Web3 industry.
Team code repositories
https://github.com/XY-Finance
Additional Information
We learn this from Telegram by the Filecoin team.
charlie@xy.finance
Backed by animoca brands, YGG, Infinity Venture Crypto and other well-known Web3 partners, we
Filecoin is considered to be an unique place in terms of its community culture and the vibrant ecosystem. Having seen more and more interesting projects join to the field, we believe what XY Finance provide can really enable DApps to flourish and make its full impact.
Now, after backed by animoca brands, YGG, Infinity Venture Crypto and other well-known Web3 partners, we would like to make one step further team up with great teams like you to provide the best solution for all Web3 enthusiasts!